Advanced Energy Industries, Inc. · NASDAQ:AEIS
Advanced Energy Industries — Q1 2025 Earnings Presentation
13 slides from Advanced Energy Industries's earnings presentation, Apr 30, 2025
Slide 1: Advanced Energy (AEIS) Q1 2025 Financial Results
Advanced Energy (AEIS) Q1 2025 Financial Results APRIL 30, 2025
Slide 2: Safe Harbor
Safe Harbor global economic conditions, such as the impact of escalating global conflicts on macroeconomic
Slide 3: Q1 2025 Financial Highlights
Q1 2025 Financial Highlights REVENUE NON-GAAP GROSS MARGIN(1) OPERATING CASH FLOW(2) $405 million 37.9% $29 million NON-GAAP EPS NON-GAAP OPS MARGIN(1) TOTAL CASH $1.23 13.5% $723 million (1) Detailed explanations of non-GAAP financials and reconciliations of GAAP to non-GAAP financials can be found
Slide 4: Q1 2025 Summary
Q1 2025 Summary Q1 2025 revenue and non-GAAP EPS(1) approached the high end of guidance ▪ Revenue of $405 million increased 24% Y/Y, led by a record quarter in Data Center Computing and strength in Semi ▪ Non-GAAP gross margin(1) of 37.9% was up 280 basis points Y/Y on favorable mix and improved man
Slide 5: Revenue Detail by Market
Q1 2025 Revenue Detail by Market Down 2% Q/Q & Up 24% Y/Y ($ in millions) Up 9% Q/Q & 130% Y/Y ▪ Strong demand in AI-related leading-edge ▪ Achieved record quarterly revenue foundry logic and memory ▪ Multiple hyperscale design wins ramping to ▪ Shipped >350 units of eVoSTM, eVerestTM volume, suppor
Slide 6: Revenue by Market
Q1 2025 Revenue by Market Q1 2025 Q4 2024 Q1 2024 Q/Q Y/Y Semiconductor Equipment $222.2 $226.8 $179.9 -2.0% 23.5% Industrial & Medical $64.3 $76.8 $83.4 -16.3% -22.9% Data Center Computing $96.2 $88.7 $41.9 8.5% 129.6% Telecom & Networking $21.9 $23.1 $22.3 -5.2% -1.8% Total Revenue $404.6 $415.4 $
Slide 7: Income Statement
Q1 2025 Income Statement Q1 2025 Q4 2024 Q1 2024 Q/Q Y/Y Revenue $404.6 $415.4 $327.5 -2.6% 23.5% GAAP gross margin 37.2% 37.2% 34.5% GAAP operating expenses $119.9 $120.7 $112.0 -0.7% 7.1% GAAP operating margin from continuing ops 7.6% 8.2% 0.3% GAAP EPS from continuing ops $0.65 $1.29 $0.16 -49.6%
Slide 8: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Total Cash increased slightly Q/Q to $723 million Q1 2025 Q4 2024 Q1 2024 ▪ Net cash(1) at $158 million Cash $723.0 $722.1 $1,017.8 Inventory Turns decreased Q/Q to 2.7x ▪ Days inventory increased Q/Q from 126 days to Inventories $368.8 $360.4 $361.3 132 days, added critica
Slide 9: Q2 2025 Guidance
Q2 2025 Guidance Revenue $420 million ± $20 million GAAP EPS from continuing operations $0.74 ± $0.25 Non-GAAP(1) EPS $1.30 ± $0.25 (1) Detailed explanations of non-GAAP financials and reconciliations of GAAP to non-GAAP financials can be found at the end of this presentation
Slide 10: Quarterly Non-GAAP Financials
Quarterly Non-GAAP Financials(1) Quarterly Trend (figures in $ millions, except percentage and EPS) All figures from Continuing Operations 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024 2025 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Revenue 440.9 516.3 490.7 425.0 415.5 410.0 405.3 327.5 364.9 374
Slide 11: Non-GAAP Measures
Non-GAAP Measures Detailed reconciliations of GAAP to non-GAAP financials can be found on the subsequent slides. These slides include measures, such as non-GAAP earnings per share (“EPS”), non-GAAP gross margin and other non-GAAP financial measures, that are not prepared in accordance with accountin
Slide 12: Non-GAAP Reconciliation
Non-GAAP Reconciliation ($ in millions, except percentage and $ per share)
Slide 13: Q2 2025 Reconciliation of GAAP to Non-GAAP Guidance
Q2 2025 Reconciliation of GAAP to Non-GAAP Guidance Reconciliation of Q2 2025 Guidance Low End High End Revenue $400 million $440 million Reconciliation of non-GAAP earnings per share GAAP earnings per share $ 0.49 $ 0.99 Stock-based compensation 0.36 0.36 Amortization of intangible assets 0.15 0.15
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